Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Uganda - 2022
Contents:
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Uganda (FOB) - 2022
- Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Uganda (CIF) - 2022
- Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Uganda
- Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Uganda
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Uganda (FOB) - 2022
The average export price for raw cane sugar (without flavoring or coloring matter) stood at $635 per ton in 2022, stabilizing at the previous year. Over the period under review, the export price saw a pronounced reduction. The pace of growth was the most pronounced in 2020 when the average export price increased by 42%. The export price peaked at $814 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Kenya ($661 per ton), while the average price for exports to Democratic Republic of the Congo ($216 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Sudan (-1.7%), while the prices for the other major destinations experienced a decline.
Price for Raw Cane Sugar (Without Flavoring or Coloring Matter) in Uganda (CIF) - 2022
In 2022, the average import price for raw cane sugar (without flavoring or coloring matter) amounted to $533 per ton, therefore, remained relatively stable against the previous year. Over the period under review, the import price saw a perceptible setback. The growth pace was the most rapid in 2017 when the average import price increased by 10%. The import price peaked at $740 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Zambia ($648 per ton), while the price for Thailand ($365 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zambia (-0.4%), while the prices for the other major suppliers experienced a decline.
Exports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Uganda
After three years of growth, overseas shipments of raw cane sugar (without flavoring or coloring matter) decreased by -28.7% to 2.1K tons in 2022. Overall, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 1,323% against the previous year.
In value terms, exports of raw cane sugar (without flavoring or coloring matter) reduced notably to $1.3M in 2022. In general, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2020 with an increase of 1,924%.
| Export of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Uganda (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kenya | 26.6 | 572 | 1,669 | 1,180 | 254.0% |
| South Sudan | 8.2 | 199 | 175 | 124 | 147.3% |
| Democratic Republic of the Congo | 3.9 | 14.2 | 34.9 | 24.7 | 85.0% |
| Others | N/A | 0.2 | 2.0 | 4.0 | 347.2% |
| Total | 38.8 | 785 | 1,881 | 1,333 | 225.1% |
Top Export Markets for Raw Cane Sugar (Without Flavoring or Coloring Matter) from Uganda in 2022:
- Kenya (1785.2 tons)
- South Sudan (196.3 tons)
- Democratic Republic of the Congo (114.2 tons)
Imports of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Uganda
In 2022, after two years of decline, there was significant growth in purchases abroad of raw cane sugar (without flavoring or coloring matter), when their volume increased by 11% to 189 tons. In general, imports, however, saw a deep contraction.
In value terms, imports of raw cane sugar (without flavoring or coloring matter) expanded markedly to $100K in 2022. Over the period under review, imports, however, recorded a deep reduction.
| Import of Raw Cane Sugar (Without Flavoring or Coloring Matter) in Uganda (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zambia | 49.5 | 54.9 | 54.3 | 68.9 | 11.7% |
| Thailand | 68.2 | 50.4 | 33.3 | 28.1 | -25.6% |
| India | 10.8 | 2.5 | 1.6 | 1.4 | -49.4% |
| Others | 3.2 | 1.8 | 2.1 | 2.1 | -13.1% |
| Total | 132 | 110 | 91.3 | 100 | -8.8% |
Top Suppliers of Raw Cane Sugar (Without Flavoring or Coloring Matter) to Uganda in 2022:
- Zambia (106.4 tons)
- Thailand (77.1 tons)
- India (2.7 tons)
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This year, world sugar production is expected to rise by 3% to 193M tons. The growth will be encouraged by favorable weather conditions in most of the largest producing countries, as well as the providing exemptions on the neonicotinoid usage against plant diseases and blights in France, Germany and the UK. The drop in sugar production and shipments from Brazil will be offset by large volumes coming from Thailand, which will boost global exports by +2.6% y-o-y. The increased supply in the world market is to keep sugar prices relatively stable over the next two years.
